El Amel Microfinance issues a bond loan of 4 million dinars

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The board of directors of the company El Amel Microfinance met on October 6, 2022 and decided to issue a bond loan for an amount of 4 million dinars likely to be increased to 6 million dinars, divided into 40,000 bonds likely to be increased to 60,000 bonds of 100 nominal dinars.

The loan will be issued without recourse to the Public Call for Savings in a single category, according to the following conditions:

  • A fixed gross annual rate of 11% per annum, calculated on the remaining nominal value of each bond at the start of each period for which interest is paid.
  • A variable gross annual rate of TMM+4% per year, calculated on the remaining face value of each bond at the start of each period for which interest is paid.

Subscriptions and payments for this loan will be received from October 13, 2022 directly from the issuing company El Amel Microfinance and will be closed no later than October 20, 2022.

Purpose of the show

The company El Amel Microfinance has decided to issue this loan as part of the strengthening of the company’s financial structure by consolidating its resources in the medium and long term, in order to respond to the development plan of its activity and the expansion of its branch network.

El Amel Microfinance was created in 2019 on the initiative of Mr. Abdelwahab NACHI, former CEO of STB, TSB (ex-STUSID) and QNB (ex-TQB), with the support of investors and Tunisian partners.

Omar El Oudi

Posted on 12/10/22 12:00

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